DP Economics Questionbank
Profit maximization in the long run
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[N/A]Directly related questions
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20N.3.HL.TZ0.1g.ii:
Sketch and label a diagram to illustrate the long-run equilibrium for a firm in monopolistic competition.
- 20N.3.HL.TZ0.1g.i: A shampoo firm is earning economic profits. Outline, with a reason, what will happen to its...
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21M.1.HL.TZ1.2a:
Explain why a monopolistically competitive firm can make economic (abnormal) profit in the short run, but not in the long run.
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17M.3.HL.TZ0.01i:
Using the diagram, explain how long-run equilibrium will be reached.
